Microsoft: Stephen Elop

Stephen Elop: Elop, the ex-Microsoft executive hired to turn Nokia around, stands to receive the pay off if shareholders approve Nokia's plans to sell its handset business to Microsoft, according to Reuters. "All the details were not checked," he told Finnish daily newspaper Helsingin Sanomat. Nokia confirmed his remarks and HELSINKI - Nokia's interim boss Risto Siilasmaa said he erred in describing a clause in former chief executive Stephen Elop's employment contract, which resulted in an 18.8 million-euro $25.4 million termination payment, as similar to his predecessor's. Siilasmaa had previously said Elop's predecessor Olli-Pekka Kallasvuo had a similar employment deal, but on Tuesday said he was wrong. (www.immigrantscanada.com). As reported in the news.